Five Bullets

European ministers of finance discussed the future of the EMU on several occasions over the last couple of months. Under the impulse of the German and French leaders, the heads of governments resolved to decide on the future of the EMU in the coming...

• Merkel's management of the Euro crisis actually hinged on the architecture of non-political institutions, with financial markets acting as an enforcer of fiscal discipline and the German Constitutional Court defining terms that Berlin exploited when...

The conflict between Rome and Brussels over the regulation of banks’ bail-in and public budget flexibility is a consequence of Italy’s denial of the European partners’ concerns over the wobbly mountain of Italian public debt.

In SEP’s view, Italy’s Public debt remains one of the most critical “economic problems” for the European Economic and Monetary Union (EMU). The dynamics of Public Debt-to-GDP ratio in 2016 is therefore a crucially sensitive variable.
SEP’s...

The euro-crisis’ mismanagement has discredited the euro-area’s model of centralized economic governance, forcing the postponement of further integration plans until after Germany and France finish general elections in 2017.